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Russian oil

Why OPEC might decide to take a break from its alliance with Russia

by Andy Uhler
Jun 1, 2022
Russia is the world's third-largest oil producer — such a decision won't be made lightly.
The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.
Joe Klamar/AFP via Getty Images
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Is European resolve against Russia’s war beginning to soften?

by Stephen Beard
May 31, 2022
The EU has just unveiled a punitive ban on oil imports from Russia — but the Ukrainian government is unimpressed.
The Ukrainian flag at the European Parliament building in Brussels. The European Union's ban on the majority of oil imports from Russia is too weak to satisfy Ukraine and some EU member nations.
François Walschaerts/AFP via Getty Images
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After Ukraine invasion, Germany reconsiders trading with autocrats

by Stephen Beard
Apr 12, 2022
Russia’s aggression has forced Germany to reconsider the notion that trade helps promote democracy.
Ukrainian President Volodymyr Zelenskyy addresses the German lower house of parliament on March 17. Zelenskyy has criticized Germany for failing to ban Russian gas.
Tobias Schwarz/AFP via Getty Images
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Europe sanctions Russian coal but not oil and gas

by Lily Jamali
Apr 8, 2022
Experts say the EU should look into further energy sanctions while cold weather is not a pressing concern.
Coal imported from abroad lies at Hamburg Port after unloading from ships on April 8 in Hamburg, Germany.
Morris MacMatzen/Getty Images
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China walks a trade tightrope between Russia and the West

by Jennifer Pak
Mar 17, 2022
The Chinese government is opposed to sanctions against Russia and says it will continue to trade with it. But that is not easy in practice.
Though China relies on Russian oil, voluntary sanctions by Western companies could make it harder for China to get it. Above, a worker stands on pipes at an offshore oil in China's eastern Shandong province.
STR/AFP via Getty Images
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Biden announces ban on Russian oil imports

by Associated Press
Mar 8, 2022
Gas prices have already been on the rise since the Russian invasion of Ukraine. The move is likely to increase prices at the pump even more.
In retaliation for their invasion of Ukraine, for President Joe Biden announced a ban on U.S. imports of Russian oil and gas on Tuesday — one of the current lifelines for the Russian economy.
Jim Watson/AFP via Getty Images
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There's an oil market crisis even without sanctions on Russian exports

by Samantha Fields
Mar 2, 2022
Brent crude rose above $113 a barrel Wednesday — the highest level in eight years.
Though oil prices have reached the highest levels in eight years, OPEC+ is choosing not to ramp up production.
Frederic J. Brown/AFP via Getty Images
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Amid wave of sanctions, Russia's energy sector is getting off pretty light so far

by Kai Ryssdal and Sean McHenry
Feb 28, 2022
Oil and gas are key to the Russian economy, yet penalties are focused elsewhere. Could that stance change?
The construction site of a Russian platform that will hold liquified natural gas.
Mario Tama/Getty Images
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What does this week's OPEC summit have to do with Cinderella?

by Scott Tong
Dec 5, 2018
The real action at the oil meeting in Vienna might be in a stairwell.
OPEC+ member Russia produces over 10 million barrels of oil a day
RYAD KRAMDI/AFP/Getty Images
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